"If a nation expects to be ignorant and free... it expects what never was, and never will be." --Thomas Jefferson

Thursday, June 07, 2007

The free market, made easy

Leave it to Walter Williams to take the complex and explain it in a simple way. Here is his example of how the free market works, and how it helps all of us:

Say that I mow your lawn and you pay me $30, which we might think of as certificates of performance. Having mowed your lawn, I visit my grocer and demand that my fellow men serve me by giving me 3 pounds of steak and a six-pack of beer. In effect, the grocer asks, "Williams, you're demanding that your fellow man, as ranchers and brewers, serve you; what did you do to serve your fellow man?" I say, "I mowed his lawn." The grocer says, "Prove it!" That's when I hand over my certificates of performance -- the $30.

To read the rest of his column about the compassion of the free market and the tyranny of socialism, click here.

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I am native of the mountains of northern California; 12-year veteran of the U.S. Army and California National Guard; Secondary School History teacher; Husband; Father of Two; and three-time honoree as Time Magazine's Person of the Year (2003, 2006, 2011).